User: loveof74 |
Giorgio Bassmatti : "Jerome Kerviel" Francachela musical dedicada a Jerome Kerviel, el tipo de Societé Generale que (parece que) ha hecho desaparecer 6000 millones. De Euros. Me rio de Houdini:-D La letra del tema está en: http://www.4shared.com/file/36115372/de4ef339/jerome_kerviel.html Tags: alternative rock soul religious indie folk country jerome kerviel societe generale |
User: itsbizbuz |
Leave Jerome Kerviel alone ! - Laissez-le tranquille ! Laissez Daniel Bouton et Jerome Kerviel tranquilles ! Detournement de la video de Chris Crocker, défendant Britney Spears. Cette fois-ci il defend le trader fou de la societe generale Jerome Kerviel grace à la magie d'un sous-titrage français parodique et detourne). Une video ITSBIZBUZ. -------------------- Parody of Chris Crocker video, you need to understand the biased french subtitles. It's a fake defense of Jerome Kerviel the most famous rogue trader of all times. Tags: Leave Jerome Kerviel Alone daniel bouton gerome kiervel kervielle mouton tranquille rogue trader societe generale banque corruption bank french corrupted fraud hold up defense money dollars euros € waste lost debt dette financier financiere trade exchanges change monnaie echanges libre monnayer argent fric pognon oseille bas de laine pots vin bribes interview entrevue |
User: st0ckman |
Jerome Kerviel Crushes Bank Societe Generale (Part9) http://st0ckman.blogspot.com In one of the banking world's most unsettling recent disclosures, France's Société Générale SA said Mr. Kerviel had cost the bank €4.9 billion, equal to $7.2 billion, by making huge unauthorized trades that he hid for months by hacking into computers. The combined trading positions he built up over recent months, say people close to the situation, totaled some €50 billion, or $73 billion. Jerome Kerviel The loss -- dwarfing the $1.3 billion Nick Leeson cost British bank Barings in 1995 -- has forced Société Générale to seek a capital infusion. It is expected to try to raise €5.5 billion, chiefly from its existing shareholders. The loss exposes the latest breakdown of risk controls at a big international financial institution, along with U.S. banks that have hemorrhaged billions of dollars since the crisis in subprime mortgages developed last summer. Some analysts speculate that the French bank's frantic efforts to unwind the unauthorized trades over 72 hours may have contributed to the volatility and declines that rattled European markets on Monday. In addition to the billions, Société Générale appeared for a time to have lost Mr. Kerviel as well. Executives at the bank, still stunned at the magnitude of the scandal, told reporters yesterday they hadn't kept track of his whereabouts since questioning him on Saturday. [Image] Former Barings futures trader Nick Leeson in November 1995. Here's a look at stories in the Journal over the past decade on trades gone bad, and an accompanying photo gallery above. • Behind a $550 Million Bad Bet: A Mystical Man With Ambition(CAO Singapore, 2004) • Junior Staffers Cited for Stopping National Australia Bank Scandal(2003) • Allied Irish Banks Say a Rogue Trader Lost $750 Million in Unauthorized Deals(2001-2002) • Sumitomo Trading Scandal Still Haunts Copper Market(1996) MORE • Deal Journal:Who Are You, Jerome Kerviel? • Daily Davos:Massive Trading Loss Is Talk of the Town But an attorney at a law firm representing Mr. Kerviel said the trader had spent much of the week with his lawyer. Asked whether Mr. Kerviel rejects the banks' accusations, the lawyer said only: "He is not on the run. He is standing by to answer to justice. He spent the day at our office." Early details, including accounts from executives at the French bank, paint a picture of an ordinary trader who used extraordinary means to game the bank's own system and hide massive unauthorized trades on stock-index futures. Even as bank executives were scrambling to deal with the trail of destruction, they were at a loss to describe his motivations. Société Générale executives said that the early investigation indicated the trader didn't earn a dime on his actions. They also said he appeared to be acting alone. Mr. Kerviel essentially made bets on which way large European stocks would move, in one of the most liquid markets linked to equities globally. His expertise was trading futures tied to baskets of stocks such as the Euro Stoxx 50. In normal markets, some $40 billion to $50 billion of the futures of that index trade daily. The index gives traders such as pension and hedge funds quick access to a large swath of the European economy, by investing on the belief the index will rise or fall to a certain point in the future. Mr. Kerviel also made trades in Germany's DAX Index and France's CAC-40. According to Mr. Bouton, the Société Générale chairman, Mr. Kerviel began conducting fraudulent trades sometime in 2007. Tags: Jerome kerviel rogue trader Societe Generale nick leeson pre market movers stock trading society general fraud take ove |
User: lestroisbarons |
jérome KERVIEL est il leur maitre ? arnaquer des pigeons n'est pas à la portée de n'importe qui. Pendant queles barons de la finance joue avec les milliards, nos BARONS voient plus petit, mais c'est plus drole. Tags: kerviel arnaque pigeon barons baron finance societe generale camera cachée |
User: morninglorymedia |
Cv de Jerome Kerviel... http://www.morninglory.biz le CV de Jerome Kerviel le trader le plus celebre du monde... Tags: finance bourse jerome kerviel societe generale news scandal fraude subprimes euros business actions garde vue libre |
User: st0ckman |
Jerome Kerviel Crushes Bank Societe Generale (Part8) http://st0ckman.blogspot.com Jan. 29 (Bloomberg) -- French President Nicolas Sarkozy said senior executives at Societe Generale SA should face ``consequences'' for the record loss that resulted from unauthorized trading at the bank. Sarkozy, 53, told reporters after a speech near Paris late yesterday that a share of the blame should be shouldered by the bank's top managers, who include Chairman Daniel Bouton and Vice Chairman Philippe Citerne. ``When someone is very highly paid, even when it's probably justified, you can't avoid responsibility when there's a major problem,'' Sarkozy said, in response to a question about Bouton. Societe Generale executives are a new target for government officials, who have criticized Bank of France Governor Christian Noyer for failing to inform them sooner of the trading debacle. Bank employee Jerome Kerviel was charged yesterday with falsifying documents, computer hacking and breach of trust by French judges. Kerviel's unauthorized bets led to 4.9 billion euros ($7.2 billion) in trading losses, the biggest in banking history. Societe Generale, France's third-largest bank, said Kerviel amassed 50 billion euros in positions in European stock index futures, an amount that exceeded the company's market value. Kerviel, 31, admitted to hacking into computers and faking e-mails to hide trades since 2005, Prosecutor Jean-Claude Marin said at a press conference yesterday. Kerviel was released yesterday after being charged. `Good Man' ``He's not a robber, he's a good man,'' said Christian Charriere-Bournazel, a lawyer for Kerviel. ``The fault was with Mr. Bouton. It was he who decided to unwind these positions.'' When it disclosed the losses on Jan. 24, the Paris-based bank said directors refused an offer by Bouton, 57, to resign after the trades were discovered. Bouton said yesterday on Europe 1 radio that his resignation ``is still on the table and the board can act on it whenever it chooses.'' A Societe Generale spokesman wasn't available to comment on Sarkozy's remarks. ``Daniel Bouton has no choice but to resign,'' Jean Arthuis, former finance minister and head of the French Senate commission on finance, said on France Inter radio today. Bouton's compensation in 2006 totaled 3.4 million euros, including a salary of 1.25 million euros and bonus of 2.18 million euros, according to the company's annual report. Citerne took home a base salary of 750,000 euros and a bonus of 1.3 million euros. Kerviel earned about 100,000 euros, according to the bank. Seeking an Explanation Bouton and Citerne, who have been chairman and vice chairman since 1997, said they won't receive bonuses or stock options for 2007 and will forgo salaries for the first half of this year. Societe Generale rose the most in five years in Paris trading on speculation the bank may become a takeover target. The stock gained 7.4 euros, or 10 percent, to 78.45 euros, leaving declines this year at 21 percent. Bouton, an ex-government official and budget director, and Noyer, a career-long public servant, should expect to face more pressure from Sarkozy, particularly if the trading scandal hurts his approval ratings, said Jean-Marc Lech, co-chairman of Paris- based polling firm Ipsos SA. ``Bouton is a former cabinet member, Noyer has been around politics for most of his career,'' Lech said in an interview. Prime Minister Francois Fillon has ordered an investigation to ``explain how this happened.'' Finance Minister Christine Lagarde said the report she's preparing for Fillon will focus on why the bank's internal checks failed and whether financial companies should be forced to impose more controls. Lagarde said today on LCI television that she wants Noyer to explain why he waited three days before informing her that Societe Generale was the victim of a trading fraud. ``Everyone must consider their own responsibility,'' Sarkozy said. ``When there is an event of this nature, it cannot remain without consequences.'' To contact the reporter on this story: James Hertling in Paris at Tags: Jerome kerviel rogue trader Societe Generale nick leeson pre market movers stock trading society general fraud take ove |
User: ADSENSEVIDEOADS |
Jerome Kerviel - Societé Generale http://www.adsensevideoads.com//tag/Jerome+Kerviel Jerome Kerviel behind Société Générale fraud. Jérôme Kerviel The fugitive trader behind the biggest fraud investigation in banking history is a 31-year old Frenchman called Jerome Kerviel. Tags: Jérôme Kerviel Société Générale fraud. |
User: offshoreblog |
Scandale societe generale trader jerome kerviel 25/01/08 Scandale societe generale trader jerome kerviel 25/01/08 Tags: Scandale societe generale trader jerome kerviel 25/01/08 |
User: teletrading |
SocGen: trader Jerome Kerviel Caso SocGen: il trader Jerome Kerviel ha davvero perso 5 mld euro su futures? E' una delle maggiori perdite in Borsa causate da un trader! Tags: socgen jerome kerviel trader trading perdite borsa crollo subprime futures |
User: buxeuil |
L'affaire Kerviel - Un bouc-émissaire ? Mise au point sur l'affaire Kerviel - Société Générale. Affaire sérieuse ou rideau de fumée ? Par Jean-Michel Vernochet, écrivain et journaliste, politologue et spécialiste des relations internationales. Tags: société générale kerviel socgen vernochet crise bancaire financière |
User: st0ckman |
Jerome Kerviel Crushes Bank Societe Generale (Part4) http://st0ckman.blogspot.com http://st0ckman.blogspot.com/search/label/%24t0ckman%27s%20Pre-Market this will cost cost the group 4.9 billion euros ($7.16 billion) and announced plans to raise 5.5 billion euros through a capital increase to shore up its balance sheet, also reeling from a crisis in global credit markets. The fraud disclosure brought back memories of Nick Leeson, the British trader who in 1995 brought down blue-blooded merchant bank Barings after racking up huge losses. SocGen said it was in the process of dismissing the Paris-based trader, who it did not name, and added that the trader's managers would leave the company. It added that its board had rejected an offer by Chairman and Chief Executive Daniel Bouton to resign. SocGen shares were suspended. The Bank of France announced an inquiry by the Banking Commission and said no further comment was necessary after Societe Generale took steps to strengthen its balance sheet. French Economy Minister Christine Lagarde will make a statement during the day on the issue, her office said. "The most serious thing is that this puts into doubt the risk management systems at some banks," said Fortis analyst Carlos Garcia. A source at SocGen said the trader was "not one of its stars" and was relatively young. SocGen said the trader had been handling plain vanilla futures contracts on European stock market indices, betting on broad share market movements. It was not immediately clear what role French police were taking in the investigation. The French prosecutor's office was not available for comment. FURTHER WRITEDOWNS AT SOCGEN Analysts said the episode would have a major impact on the reputation of SocGen, which was founded in 1864 and is one of France's most prestigious blue-chip companies. Jerome Kerviel on the run! Tags: Jerome kerviel rogue trader Societe Generale nick leeson pre market movers stock trading day trade swing |
User: st0ckman |
Jerome Kerviel Socitey General Rogue Trader (part 5) http://st0ckman.blogspot.com Jerome Kerviel crushes society General bank, arrested and charged. pre market mover Tags: Jerome Kerviel crushes society General bank arrested france charged pre market movers |
User: st0ckman |
Jerome Kerviel Crushes Bank Societe Generale (Part10) http://st0ckman.blogspot.com The French "rogue trader" accused of the biggest banking fraud in history has claimed that he was being made a scapegoat by his employers who had "tolerated" his risky deals as long as they made money. # Jérôme Kerviel: SocGen's €5bn fraudian slip # Phone records could be key to Kerviel case # Rogue French trader jokes Jérôme Kerviel, 31, has been placed under official investigation but allowed to walk free on condition he remained in the country. He faces multiple charges of forgery, computer hacking and breach of trust, but the charge of attempted fraud was not pressed. The French trader Jerome Kerviel Kerviel says he wants to co-operate fully with the authorities Prosecutors said that he had behaved "like a financial drug addict" as he bet wildly on stock markets. They said they would appeal against his release. But in a series of counter accusations against Société Générale, France's second biggest bank, Mr Kerviel said he and other traders had regularly exceeded trading limits set for them by the bank. Prosecutor Jean-Claude Marin said that the £75,000-a-year junior trader had not stolen money from the bank but had hoped to secure a higher salary and large bonus and to boost his reputation as an "exceptional" trader. Mr Kerviel admitted concealing deals but told investigators he was a loyal employee who only wanted to raise the bank's profits. Mr Kerviel claimed his strategy had been hugely successful, that he was almost £1 billion in profit in December and that he had been rewarded by the bank with a guarantee of a £200,000 bonus for 2007. He claimed to have begun his activities in late 2005, whereas the bank has said they only stretched back a year. SocGen faced further embarrassment after it was disclosed that the bank had been warned about Mr Kerviel's massive trading volumes in November by a derivatives exchange. He produced a fake document which threw his bosses off the scent, Mr Marin said. advertisement Several shareholders also filed a complaint with the French financial markets watchdog yesterday after it transpired that a member of SocGen's board sold shares worth €86 million on Jan 9 - shortly before the scandal broke. Mr Kerviel claims SocGen then brought the disastrous situation on itself by hastily selling his positions last week when they discovered the scale of his trades. At that time he held positions worth about £37 billion, more than the market value of the bank. Mr Kerviel's version of events is very different from that given by SocGen head Daniel Bouton, who has compared the young trader to a lone "terrorist" in the bank's midst and a "great pretender". A hunt for possible accomplices began with police focusing on calls and text messages Mr Kerviel sent and received on his mobile phone. But Elisabeth Meyer, one of Mr Kerviel's lawyers, said: "It's a lynching. He has been thrown to the lions before being able to explain himself." The scandal has added to the deep distrust the French have of free market capitalism, at a time when President Nicolas Sarkozy is trying to push through relatively liberal economic reforms and encourage the French to embrace financial success. Tags: Jerome kerviel rogue trader Societe Generale nick leeson pre market movers stock trading society general fraud take ove |
User: offshoreblog |
Societe generale trader nick leeson jerome kerviel 02/02/08 Societe generale trader nick leeson jerome kerviel 02/02/08 Tags: Societe generale trader nick leeson jerome kerviel 02/02/08 |
User: BobFromLyon |
People Stream sur France5 pour Kerviel Societe Generale 01/02/2008, le site people-stream.fr vu dans un reportage de C dans l'air sur Jerome Kerviel trader de la Societe Generale ... Attention, c'est très rapide 2s à partir des 2:11 sur ce clip ... c'est un peu court, mais ca fait bien plaisir ! Pour d'autres actus people : http://www.people-stream.fr ;) Tags: people stream jerome kerviel societe generale lyon dess |
User: gomby74 |
A côté de John Maurice, Kerviel est une fiotte ! Le professeur Itchenko vient au secours de John Maurice, pris à son tour dans l'enfer du cercle vicieux de la finance de la bourse sans fin qui fait mal au c... Le BPPD plus fort que la société générale ! Maurice plus balèze que Kerviel ! Tags: société générale jérome kerviel bourse drole absurde humour débile délire sarkozy police les experts csi |
User: sarabraun |
Kerviel & la bourse extraits émission Kerviel & la bourse Tags: kerviel news bourse financier |
User: akan2201 |
jérôme Kerviel Jérôme Kerviel, à quoi il ressemble ce type ? son cv, ses photos.. à ce train là, il ne passe plus inaperçu au pot de départ des retraités Société générale Tags: kerviel jerome societe generale |
User: poudreblanche |
jerome kerviel video interview Vidéo exclusive et bouleversante du trader Jérôme Kerviel dans laquelle il refuse le rôle de "bouc émissaire" tout en reconnaissant sa "part de responsabilité" dans les pertes record de la Société Générale. http://www.day-trader.fr Tags: Jerome Kerviel interview video trader crazy talk |
User: MarioVador |
tour de magie : carte retrouvée + apparition du Kerviel Le Kerviel est malin : il se fait arreter, va dans une prison et ses superieurs lui rendent visite : le jour du proces arrive mais quelqu'un rigole dans la salle. Je rajouterais les Policiers sont niais... Tags: magie genin retournement cartes tour de incroyable magique non expliqué explication |
User: st0ckman |
Jerome Kerviel Society General, Rogue Trader (part 6) http://st0ckman.blogspot.com Jerome Kerviel Society General, Rogue Trader Tags: Jerome Kerviel Society Gneral Rogue Trader trading pre market |
User: st0ckman |
Rogue Traders Moussa Bakir & Jerome Kerviel SocGen http://st0ckman.blogspot.com Fraud investigators were last night questioning a second French trader, suspected of helping, or at least covering up, the activities of , Jérôme Kerviel, the alleged €5bn (£3.7bn) man. The unexpected development influenced a decision by the Paris appeal court last night to reverse a previous ruling and to place M. Kerviel in custody for a second time. The new arrest follows the discovery of an electronic message, sent last November, in which a fellow trader assured M. Kerviel that he had "done nothing illegal, as far as the law is concerned". The man who sent the message, Moussa Bakir, 32, worked for a brokerage company called Fimat, which was a subsidiary at that time of M. Kerviel's employer, Société Gé*érale. This company acted as the middleman in part of the €50bn tangle of unauthorised trades on European shares futures undertaken by M. Kerviel, 31, over the past 18 months. Until now both SocGen and M. Kerviel have insisted that he acted alone in the immense gambles which lost the bank €4.82bn, the highest-ever losses by an unauthorised single trader. The arrest of M. Bakir on Thursday followed the disclosure to fraud investigators by SocGen of transcripts of internal, instant electronic messages, or "chat", including conversations between the two men. A lawyer representing M. Bakir said last night that he was "entirely serene" about his client's role in the affair. He suggested the arrest had been timed to influence an appeal court hearing in Paris yesterday in which prosecutors attempted to reverse a decision by investigating magistrates to free M. Kerviel. Prosecutors asked for M. Kerviel to be returned to custody for several reasons, including the risk that he might contact possible accomplices. The appeal court ruled last night in their favour after a hearing behind closed doors. Jean-David Scemama, the lawyer representing M. Bakir, said: "I am entirely serene about his prospects. My serenity is based on the facts, as reported to me." M. Scemama said, however, that he was "astonished" by the "coincidence" between the arrest and yesterday's appeal court hearing. M. Bakir works for Fimat, a brokerage company, which was a subsidiary of SocGen until last month. It has now merged with another company, belonging to another French bank and changed its name to Newedge. Internal instant emails between the two traders, traced by SocGen, include a message on 30 November last year in which M. Bakir reassured M. Kerviel: "Tu *'as rien fait d'illégal au sens de la loi." (You have done nothing illegal, as far as the law is concerned.) This implies -- but does not prove -- that he was aware that M. Kerviel was making unauthorised trades. It does not necessarily suggest that he was helping, or benefiting from, his activities. Market experts have questioned from the beginning whether it would have been possible for M. Kerviel to make such huge, unauthorised trades without the help of an internal, or external, accomplice. SocGen is said to have discovered the electronic messages on Wednesday and handed transcripts to investigators. Police arrested M. Bakir on Thursday and then searched the Fimat office in the centre of Paris for many hours. M. Bakir's arrest warrant was extended for a second day at lunchtime yesterday. M. Kerviel arrived for yesterday's appeal court hearing in his lawyer's car and entered the Palais de Justice on the Ile de Cité in central Paris without talking to the press. It was his first public appearance since the scandal broke two weeks ago, apart from an interview with the Agence France-Presse news agency on Tuesday. In the interview, M. Kerviel admitted that he had "lost touch with reality" and lost track of the huge sums involved in his unauthorised trades. He added, however, that he would not let SocGen make him the sole "scapegoat" for the scandal. He had earlier told investigators that the bank knew that unauthorised trading was widespread but turned a "blind eye" as long as profits were being made. M. Kerviel is under formal investigation for abuse of trust, forgery and computer hacking. Tags: Rogue Trader Moussa Bakir Jerome Kerviel SocGen Société Générale society general wall street paris france fraud scandal |
User: morninglorymedia |
victime de jerome Kerviel (societe geniale...) http://www.morninglory.biz le cris du coeur d'une victime de Jerome Kerviel et de la societé générale Tags: jerome kerviel finance bourse krach société générale rire victime fraude news economie |
User: st0ckman |
Jerome Kerviel's Lawyer Speaks. SocGen, Societe Generale Societe Generale ignored early signs of alarm regarding Jerome Kerviel's trading, as long as he was bringing money to the bank, Guillaume Selnet, one of Kerviel's lawyers, told CNBC Europe on Thursday. Jérome Kerviel -------------------------------------------------------------------------------- Moreover, according to Selnet, the bank had changed its stance a few days before Kerviel's bail hearing, acknowledging only then that he could have acted with accomplices. Last week French media published a series of instant messages between Kerviel and a friend in which Kerviel was saying he was afraid he would go to prison. "Jerome has never hidden anything in this respect," Selnet said. "What is important here is that Societe Generale has had the evidence for five days since January 20. They never made the prosecution aware of what was going on and all of a sudden, on the eve of the hearing of Jerome's bail, they disclosed these elements one by one, time by time." Contacted by CNBC Europe, Societe Generale refused to comment. The French bank unveiled 4.9 billion euros of trading losses last month accusing Kerviel of fraud. It unwound 50 billion euros of futures bets taken out by Kerviel in steeply falling markets between January 21 and 23. "They Chose to Ignore It" Societe Generale has said Kerviel could hide his trades because he had worked in the bank's middle office, which keeps the records and processes transactions, and has computer expertise. But his lawyers have disputed this and they said the bank had known about what was going on. "We are accusing them (Societe Generale) of being complacent. They chose to ignore it," Selnet said. "Our belief is that, for this particular bank, it was never a matter of principle, it was a matter of money." Kerviel did not make any personal profit out of the scheme, Selnet reiterated. "He never made a dime for himself, he was like every other traders, like you or like me. He wanted to be successful ... that was his only motivation," he said. The lawyers launched an appeal to release Kerviel who, they said, cannot defend himself properly while in prison. RELATED LINKS SocGen Shares Jump on HSBC Bid Speculation SocGen Shares Jump on BNP Paribas Interest Hands Off Societe Generale, France Tells Rivals "Right now our only goal is to have Jerome released from prison," Selnet said, adding that the investigation could take years. "In this case, the truth is on our side," he added. "Can anyone arguably pretend that a single trader, the youngest of his team, can invest twice the value of the bank in the market without anyone within the bank knowing about it?" Tags: Jerome Kerviel Lawyer SocGen Societe Generale rogue trader day trading swing nasdaq nyse chart technical analysis fraud |
User: st0ckman |
jerome kerviel out on bail, crushes bank (part 11) http://st0ckman.blogspot.com jerome kerviel out on bail, light charges Tags: Jerome kerviel rogue trader Societe Generale nick leeson pre market movers stock trading society general fraud take ove |